REGISTERED NUMBER: 14210391 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

TOM AND DUNCAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

T J J Reed

D J Reed

Registered office:

51 Douglas Road

Esher

Surrey

KT10 8BA

Registered number:

14210391 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

62,611

71,555

Tangible assets

5

19,924

31,727

82,535

103,282

Current assets

Stocks

55,000

65,335

Debtors

6

15,606

18,088

Cash at bank

5,275

2,675

75,881

86,098

Creditors

Amounts falling due within one year

7

193,242

217,193

Net current liabilities

(117,361

)

(131,095

)

Total assets less current liabilities

(34,826

)

(27,813

)

Creditors

Amounts falling due after more than one year

8

5,838

12,532

Net liabilities

(40,664

)

(40,345

)

Capital and reserves

Called up share capital

9

2

2

Retained earnings

(40,666

)

(40,347

)

Shareholders' funds

(40,664

)

(40,345

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

T J J Reed - Director

D J Reed - Director

1.	Statutory information

Tom And Duncan Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has a net liabilities position at the period end. The directors confirm continued support for the company to ensure liabilities of the company are met as they fall due and therefore consider the accounts being prepared on a going concern basis to be appropriate.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 August 2024

and 31 July 2025

89,444

Amortisation

At 1 August 2024

17,889

Amortisation for year

8,944

At 31 July 2025

26,833

Net book value

At 31 July 2025

62,611

At 31 July 2024

71,555

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 August 2024

and 31 July 2025

6,908

36,100

1,508

44,516

Depreciation

At 1 August 2024

2,029

10,475

285

12,789

Charge for year

2,280

9,025

498

11,803

At 31 July 2025

4,309

19,500

783

24,592

Net book value

At 31 July 2025

2,599

16,600

725

19,924

At 31 July 2024

4,879

25,625

1,223

31,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 August 2024

and 31 July 2025

36,100

Depreciation

At 1 August 2024

10,475

Charge for year

9,025

At 31 July 2025

19,500

Net book value

At 31 July 2025

16,600

At 31 July 2024

25,625

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

5,318

7,653

Other debtors

10,288

10,435

15,606

18,088

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

6,694

6,694

Trade creditors

27,547

32,640

Taxation and social security

15,447

17,284

Other creditors

143,554

160,575

193,242

217,193

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

5,838

12,532

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	Related party disclosures

At the period ended 31 July 2025 the Company owed the Directors £94,887 (2024 : £75,996). This amount was repayable on demand and subject to no interest charge